Hersey, MI—49639
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hersey, MI
Hersey, MI lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $187,000 | 1.1% |
| Single Family | $187,000 | 1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $223,000 | 2.3% |
4 Bed | N/A | N/A |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Hersey, MI
Hersey, MI lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $960 | $960 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $960 | $960 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Hersey, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Hersey, MI is 135. This is a increase of 42.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $184,000 | -8.0% |
Listing Count | 9 | -47.0% |
| Listings as % of Homes | 0.9% | -47.0% |
Days on Market | 135 | 42.0% |
Demographics — Hersey, MI
As of the latest ACS Survey released in 2023, Hersey, MI has a population of 2,420, which has increased by 5.0% over the past 5 years. Hersey, MI is a moderately popular place for families, as children make up 21.4% of the population. The area has a poorly educated workforce, with 18.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,420 | 5.0% |
% Under 18 | 21.4% | -7.0% |
% Seniors | 26.0% | 19.3% |
% WFH | 4.7% | -6.0% |
% w/ College Degree | 18.3% | 28.9% |
As of the latest ACS Survey released in 2023, Hersey, MI is a predominantly white area, with 89.5% of the population identifying as white. The white population has shrunk by 4.5% in the last 5 years. The second most common race or ethnicity in Hersey, MI is black, making up 1.4% of the population. Foreign-born residents account for 0.4% of the population in Hersey, MI, and this percentage has decreased by 60.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.5% | -4.5% |
% Black | 1.4% | 366.7% |
% Hispanic | 1.4% | 0.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.4% | -60.0% |
Mortgage and Risk — Hersey, MI
According to HUD data as of 2023, there were 47 mortgage originations in Hersey, MI, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 70.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Hersey, MI. Investor activity is low, as 2.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 47 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 2.0% |
% Second Loans | 9.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Hersey, MI
Hersey, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 4 |
Total Units Section 8 | 4 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $750 |
| 2 Bedroom | $10 | $960 | $970 |
| 3 Bedroom | N/A | N/A | $1,190 |
| 4 Bedroom | N/A | N/A | $1,380 |
Affordability — Hersey, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $187,000 |
| Median Household Income | $62,400 |